One of the mysteries of the English language finally explained.
A government regulation establishing a maximum price to be charged for specified goods and services, especially during periods of war or inflation.
- ‘Gittens here faults economists for dismissing the public's demands for price control as irrational, or as merely the expression of a vested interest.’
- ‘Inevitably price control meant that state-owned companies lost money and, in the absence of state subsidies, a large chunk of the economy was bankrupted.’
- ‘A spokesman said: ‘Transco would not have agreed to the price control if it prevented it from meeting its legal obligations to run a safe gas network.’’
- ‘The shackles of price control and regulatory levies must be removed from us in favour of competition,’ Mr Mohan said.’
- ‘Pumping in more money while imposing direct price control and hoping thereby to stem inflation is very much like trying to cure a fever by holding down the mercury column in the thermometer.’
price control/prīs kənˈtrōl/
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